Ask The Banker: Children should start saving early

KEZI 9 News spoke to Oregon Pacific Bank President and CEO Ron Green to learn more about how to encourage kids to start saving.

Posted: Oct 22, 2018 5:06 PM
Updated: Oct 29, 2018 6:40 PM

EUGENE, Ore. -- Kids need good advice when it comes to personal finances.

KEZI 9 News spoke to Oregon Pacific Bank President and CEO Ron Green to learn more about how to encourage kids to start saving.

What are some good ways to teach children how to save money?

You can never start too early with savings and children.

Getting children to save starts with the parents. You’ve got to give them great advice on how to save, when not to spend frivolously but when to reward them when things are going well in life.

They need your input. They need your guidance and a good foundation for when they get older.

A great place to start right now is opening a savings account. A minor can have an account as long as a parent or guardian is on the account with them.

Ron Green said to be there and help them out when you can.

If you have banking or finance questions for Ron Green, click here.

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